ZAP Signs Agreement With Costco
November 24 2004 - 8:00AM
PR Newswire (US)
ZAP Signs Agreement With Costco SANTA ROSA, Calif., Nov. 24
/PRNewswire-FirstCall/ -- Advanced automotive technology Company
ZAP (OTC:ZAPZ) (BULLETIN BOARD: ZAPZ) announced today that it has
signed an agreement with Costco Wholesale Corporation. ZAP has
entered into a vendor-supplier relationship with Costco to supply
the nationwide retailer with the newest in its line of
energy-efficient and advanced technology vehicles. ZAP's new
ZAPPY(3) electric scooter is now available at Costco.com and ZAP
CEO Steve Schneider says the two Companies are in discussion on a
full-line of ZAP's products. "ZAP is excited to be involved with
Costco on the introduction of the ZAPPY(3), the first high
performance three-wheeled scooter on the market," said ZAP CEO
Steve Schneider. "We are honored that the ZAPPY(3) meets the
rigorous product-testing criteria that Costco demands for its
members. This is an achievement for ZAP's designers and
manufacturing partners to meet the Costco level of quality, among
the highest in the world." ZAPPY(3) takes scooters to a whole new
level of fun, with a powerful new drive technology built directly
into the front wheel. The 36-volt wheel motor offers improved
acceleration and greater efficiency for longer rides and better
handling. The third wheel makes ZAPPY(3) easier to balance for
beginners, but also more maneuverable for experts. The steering
radius literally turns on a dime and even goes in reverse. Quiet
and rechargeable, ZAPPY(3) folds in moments with the tools provided
for easy storage or transport. A convenient LED fuel gauge on the
handlebar keeps track of the battery charge and a key is included
for locking the scooter when not in use. Schneider added that ZAP
is in discussions to bring some of its other new products to
nationwide retailers, including its new lithium-ion battery system,
ZAP Portable Energy(TM), which powers a wide range of mobile
electronic devices. ZAP also announced this week that the EPA has
approved the 60-MPG SMART Car from Europe, clearing the way for
U.S. sales by ZAP. ZAP pioneered the electric scooter market in
1997 with its world-reknown ZAPPY Classic folding electric scooter.
The new ZAPPY(3) continues ZAP's drive to be a leader for Zero Air
Pollution(R) (ZAP) technologies. Consumers can now purchase the
ZAPPY(3) electric scooter at http://www.costco.com/ under the
keyword 'ZAP' for $349, including shipping. About ZAP ZAP has been
a world leader in cleaner transportation technologies since 1994,
delivering its award-winning ZAP vehicles and energy products to
customers in more than 60 countries. A public company, ZAP is
traded on the Over-the-Counter stock exchange under the symbol
ZAPZ. The company offers a variety of advanced technologies and
vehicles, including cars, bicycles, scooters, motorbikes,
underwater scooters and more. For more information, visit
http://www.zapworld.com/ or call 707-525-8658. Forward-looking
statements in this release are made pursuant to the "safe harbor"
provisions of the Private Securities Litigation Reform Act of 1995.
Investors are cautioned that such forward-looking statements
involve risks and uncertainties, including, without limitation,
continued acceptance of the Company's products, increased levels of
competition for the Company, new products and technological
changes, the Company's dependence upon third-party suppliers,
intellectual property rights, and other risks detailed from time to
time in the Company's periodic reports filed with the Securities
and Exchange Commission. DATASOURCE: ZAP CONTACT: Alex Campbell,
+1-707-525-8658, ext. 241, or ; or investors, Steven Kim,
+1-707-525-8658, ext. 298, or , both of ZAP Web site:
http://www.costco.com/ Web site: http://www.zapworld.com/
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